The hallmark of crackpot economics is an analysis that somehow leaves out prices, and talks only about such aggregates as income, spending, and employment.
Murray N. Rothbard, “Keynesian Myths,” in Llewlyn Rockwell, Jr., ed., The Free Market Reader (2008), p. 51.
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Murray N. Rothbard
1 reply on “Murray N. Rothbard”
Though a disregard for prices is a hallmark of crackpot economics, I’ve seen plenty of crackpot economics that offers crackpot theories of price.